Is Bill Arp, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Bill Arp was a Seller's Market.
Key Takeaway
Bill Arp is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bill Arp, GA
How much do homes in Bill Arp, GA cost?
Median Sold Price
$324,571
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Bill Arp have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Bill Arp was $324,571 in June 2024, up 2.7% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $176K | $385K | +118.8% |
| 3 Bedrooms | $270K | $275K | +1.9% |
| 4 Bedrooms | $350K | $345.5K | -1.3% |
| 5+ Bedrooms | $455K | $518K | +13.9% |
Summary: Bill Arp housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 118.8%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
| Fairplay | $397.5K | $410K | +3.1% |
| Bill Arp | $316K | $324.5K | +2.7% |
| Douglasville-Lithia Springs | $294.4K | $299.8K | +1.8% |
| Douglasville | $319.6K | $324.9K | +1.7% |
| Winston | $341.2K | $338.2K | -0.9% |
Housing Supply in Bill Arp, GA
How many homes are available in Bill Arp, GA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 269 | 296 | +10.0% |
Summary: The Bill Arp real estate market had 296 homes for sale in June 2024, a 10.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 110 | 108 | -1.8% |
| 4 Bedrooms | 86 | 96 | +11.6% |
| 5+ Bedrooms | 73 | 92 | +26.0% |
Summary: The Bill Arp housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 26%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 71 | 36 | -49.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bill Arp, you may be able to get a good deal. 44.1% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Bill Arp in June 2024, down by 49.3% month-over-month. Of the 34 sold homes, 44% were sold under asking, 32% were sold at asking, and 24% were sold over asking.
Days on Market for Bill Arp, GA
How long does it take to sell a home in Bill Arp, GA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 30 Days | 35 Days | +18.3% |
Summary: Homes in Bill Arp had an average of 35 days on market in Jun 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bill Arp are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 36 homes were sold in Bill Arp; 58% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.